Third Party Risk management solution

Third Party Risk

Detect, assess, and minimize potential risks associated with suppliers, distributors, and partners and monitor them for any change in status with our Third Party Risk management solutions.

Third Party Risk Do you really know who you’re doing business with?

Thomson Reuters is a trusted solution provider in the third party risk space

Breakdown of third party relationships can often results in financial and reputational damage. Thomson Reuters is a trusted solution provider in the third party risk space and will work with an organization to structure the best third party risk management solution. 

Building and extending relationships with third parties in order to achieve long term business goals can create complex supply chains that, over time, more accurately resemble interconnected webs. Knowing who you are dealing with within these webs becomes increasingly more difficult, yet increasingly more important in order to satisfy regulators and meet shareholder and customer expectations who are now demanding greater transparency and more responsible corporate behavior, in the interests of both reputational integrity and good investment practice.

Our solutions can help uncover risk associated with sanctions, organized crime, fraud, money laundering, bribery and corruption, modern day slavery and country risk.

Areas that have become particularly sensitive to both the public and private sector, and therefore likely to become the focus of increased attention are:

The US Foreign Corrupt Practices Act (FCPA), Conflict Minerals Rule (US Dodd Frank Section 1502), UK Bribery Act (UKBA), and the UK Modern Day Slavery Act, in addition to a host of other global regulations, have only increased the importance of establishing an effective third party compliance program.

Reduce third-party risk with Thomson Reuters

Our solutions enables customers to effectively manage third party risk from initial screening and due diligence through to ongoing monitoring and training.

  • Unparalleled data coverage
  • Strength in emerging markets
  • Holistic approach to third party risk management
  • Trusted brand
  • Cost effective
  • Innovative technology which integrates with existing internal systems

Powered by World-Check risk intelligence.

Features and benefits

Check against the World-Check risk intelligence database to help you meet your regulatory obligations, make informed decisions, and prevent your business from inadvertently being used to launder the proceeds of crime or association with corrupt business practices.
Screening as a managed service
We offer a managed service to carry out the screening and remediation on an organization’s behalf. This allows our customers to reduce the overall costs of operations and resources dedicated to third party risk management.
Country Risk Ranking
Determine any geopolitical, social and economic risks associated to the country in which the third parties are based.
Enhanced Due Diligence
Detailed background reports on any third party can assist in protecting against regulatory and reputational damage.
Online Compliance Learning
Roll out compliance training programs to staff and to third parties.
API to partners
We have partnered with market leading third party software providers that can integrate with our suite of products and services.

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